A01=Thomas Millington
Author_Thomas Millington
Category=KCL
Category=KFFD
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Product details
- ISBN 9780813011400
- Weight: 333g
- Dimensions: 152 x 228mm
- Publication Date: 20 Aug 1992
- Publisher: University Press of Florida
- Publication City/Country: US
- Product Form: Hardback
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Tracing the origins of recent Latin American debt problems to the financial politics of the immediate post-independence period, Thomas Millington argues that the failure of Latin American states to fund their internal debts made them dependent on foreign credit. Negative political and social consequences remain today, he says, and suggests that debt management should move toward a funded debt goal and away from the floating debt framework that is endemic in Latin America. He uses the funding experience in Bolivia to illustrate his thesis. Millington's work draws on the history of economic ideas and modern debt analysis and applies them to Latin American financial practices in their historical, social, and political contexts. By emphasising the politics of debt funding, he seeks to challenge other concepts of dependency and neocolonialism that dominate study of the immediate postindependence period. The book emerged from the author's experience of working on financial policy in the Bolivian Ministry of Finance in 1977-78 and on his extensive research in the Bolivian Archives, where he discovered evidence of the conflicts between liberal constituencies, as opposed to the external obstacles often cited in other studies.
